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MERSOM
Municipal Employees' Retirement System of Michigan Portfolio holdings
AUM
$9.05B
1-Year Est. Return
13.04%
This Fund
S&P 500
This Quarter
Est. Return
+3.76%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$1.3B
AUM Growth
-$172M
(-12%)
Cap. Flow
-$203M
Cap. Flow
% of AUM
-15.65%
Top 10 Holdings %
Top 10 Hldgs %
7.4%
Holding
1,685
New
30
Increased
36
Reduced
1,443
Closed
27
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Qorvo
QRVO
|
+$3.15M |
| 2 |
Enanta Pharmaceuticals
ENTA
|
+$1.34M |
| 3 |
BMS
Bemis
BMS
|
+$1.24M |
| 4 |
Kinder Morgan
KMI
|
+$1.12M |
| 5 |
Dana Inc
DAN
|
+$1.11M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Skyworks Solutions
SWKS
|
+$4.76M |
| 2 |
Apple
AAPL
|
+$4.28M |
| 3 |
ENDP
Endo International plc
ENDP
|
+$3.74M |
| 4 |
CBST
CUBIST PHARMACEUTICALS INC
CBST
|
+$2.48M |
| 5 |
AGN
Allergan Inc
AGN
|
+$2.19M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 13.9% |
| 2 | Technology | 13.85% |
| 3 | Industrials | 13.45% |
| 4 | Healthcare | 11.91% |
| 5 | Consumer Discretionary | 11.49% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1526
Winnebago Industries
WGO
$938M
| $108K | 0.01% |
5,100
-1,900
| -27% | -$41K |
|
|
NTRI
1527
DELISTED
NutriSystem, Inc.
NTRI
| $108K | 0.01% |
5,400
-2,000
| -27% | -$37.1K |
|
1528
Fossil Group
FOSL
$327M
| $107K | 0.01% |
1,300
-400
| -24% | -$36.8K |
|
1529
Genworth Financial
GNW
$3.83B
| $107K | 0.01% |
14,700
-2,500
| -15% | -$19K |
|
|
IVC
1530
DELISTED
Invacare Corporation
IVC
| $107K | 0.01% |
5,500
-1,900
| -26% | -$32.9K |
|
1531
DXP Enterprises
DXPE
$3.01B
| $106K | 0.01% |
2,400
-830
| -26% | -$37.1K |
|
1532
Fabrinet
FN
$20.9B
| $106K | 0.01% |
5,600
-1,900
| -25% | -$33.2K |
|
|
NE
1533
DELISTED
Noble Corporation
NE
| $106K | 0.01% |
7,400
-1,400
| -16% | -$22.7K |
|
|
EPIQ
1534
DELISTED
EPIQ SYSTEMS INC
EPIQ
| $106K | 0.01% |
5,900
-2,100
| -26% | -$36.8K |
|
|
MWW
1535
DELISTED
Monster Worldwide Inc
MWW
| $106K | 0.01% |
16,700
-6,600
| -28% | -$36.2K |
|
1536
Interparfums
IPAR
$3.8B
| $105K | 0.01% |
3,200
-1,100
| -26% | -$30.7K |
|
|
RUTH
1537
DELISTED
Ruth's Hospitality Group, Inc.
RUTH
| $105K | 0.01% |
6,600
-2,600
| -28% | -$39.4K |
|
|
ORIT
1538
DELISTED
Oritani Financial Corp. New
ORIT
| $105K | 0.01% |
7,200
-2,900
| -29% | -$42K |
|
|
FTD
1539
DELISTED
FTD Companies, Inc. Common Stock
FTD
| $105K | 0.01% |
3,500
-1,300
| -27% | -$43.4K |
|
1540
Forestar Group
FOR
$1.51B
| $104K | 0.01% |
6,600
-2,300
| -26% | -$33.9K |
|
|
HAYN
1541
DELISTED
Haynes International, Inc.
HAYN
| $103K | 0.01% |
2,300
-900
| -28% | -$37.6K |
|
|
CDR
1542
DELISTED
Cedar Realty Trust, Inc
CDR
| $103K | 0.01% |
2,091
-545
| -21% | -$27.4K |
|
|
AVP
1543
DELISTED
Avon Products, Inc.
AVP
| $103K | 0.01% |
12,900
-2,100
| -14% | -$17.4K |
|
|
QEP
1544
DELISTED
QEP RESOURCES, INC.
QEP
| $102K | 0.01% |
4,900
-1,300
| -21% | -$27.2K |
|
1545
AeroVironment
AVAV
$9.74B
| $101K | 0.01% |
3,800
-1,300
| -25% | -$34.3K |
|
1546
HealthStream
HSTM
$840M
| $101K | 0.01% |
4,000
-1,300
| -25% | -$35.4K |
|
|
PGTI
1547
DELISTED
PGT, Inc.
PGTI
| $101K | 0.01% |
9,000
+900
| +11% | +$8.73K |
|
|
SGNT
1548
DELISTED
SAGENT PHARMACEUTICALS INC COM STK (DE)
SGNT
| $100K | 0.01% |
4,300
-1,200
| -22% | -$31.8K |
|
1549
Enova International
ENVA
$6.55B
| $98K | 0.01% |
5,000
-1,588
| -24% | -$34.6K |
|
1550
Kelly Services Class A
KELYA
$546M
| $98K | 0.01% |
5,600
-1,400
| -20% | -$23.9K |
|
Similar funds
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PEA
SUT
MU
WPL
Municipal Employees' Retirement System of Michigan's Q1 2015 Portfolio in Review
As of Q1 2015, Municipal Employees' Retirement System of Michigan held 1,685 positions worth $1.3B, down 12% from $1.47B the previous quarter. Its ten largest holdings account for 7.4% of the portfolio.
Municipal Employees' Retirement System of Michigan withdrew a net $203M in Q1 2015, closing 27 positions and reducing 1,443 holdings. Its most notable exit was CUBIST PHARMACEUTICALS INC, an estimated $2.48M position sold in full.
By sector, the portfolio is most concentrated in Financials at 14% of assets, down from 14% a quarter earlier, followed by Technology and Industrials.
Against the trend, Municipal Employees' Retirement System of Michigan opened a new position in Qorvo worth $3.52M.
- Municipal Employees' Retirement System of Michigan's largest Q1 2015 buy was Qorvo: 44,200 shares worth $3.52M.
- Municipal Employees' Retirement System of Michigan added most to Bemis in Q1 2015, an estimated $1.24M increase.
- Municipal Employees' Retirement System of Michigan's biggest Q1 2015 reduction was Skyworks Solutions, cutting an estimated $4.76M.
- Municipal Employees' Retirement System of Michigan fully exited CUBIST PHARMACEUTICALS INC in Q1 2015, selling an estimated $2.48M.
- Municipal Employees' Retirement System of Michigan's ten largest holdings make up 7.4% of its $1.3B portfolio in Q1 2015.
- Municipal Employees' Retirement System of Michigan opened 30 new positions and closed 27 in Q1 2015.
- Municipal Employees' Retirement System of Michigan's portfolio value fell 12% quarter-over-quarter to $1.3B.
Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q1 2015, filed 8 May 2015.